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Thesis Gold Step-Out Drilling at Bingo Zone Intersects 20.00 Metres of 8.46 g/t Gold, 36.96 g/t Silver, and 1.72% Copper https://money.tmx.com/quote/TAU/news/7493344074794345/Thesis_Gold_StepOut_Drilling_at_Bingo_Zone_Intersects_2000_Metres_of_846_gt_Gold_3696_gt_Silver_and_172_Copper

Thesis Gold Appoints William (Bill) Lytle As Non-Executive Chairman https://thesisgold.com/2024/02/26/thesis-gold-appoints-william-bill-lytle-as-non-executive-chairman/

Thesis Gold Drills 60.00 Metres Of 4.53 G/T Gold, Including 19.00 Metres Of 10.39 G/T Gold https://thesisgold.com/2024/02/01/thesis-gold-drills-60-00-metres-of-4-53-g-t-gold-including-19-00-metres-of-10-39-g-t-gold/

Thesis Gold Drills 128.00 M Of 2.49 G/T AuEq, Including 27.00 M Of 8.46 G/T AuEq At The Cliff Creek Deposit https://thesisgold.com/2024/01/11/34068/

When $17 Should Be $85 – Cormark Securities Comments On “Extremely Undervalued” Thesis Gold https://howardgroupinc.com/when-17-should-be-85-cormark-securities-comments-on-extremely-undervalued-thesis-gold/

Thesis Gold Significantly Expands Gold Mineralization at the JK Zone https://money.tmx.com/quote/TAU/news/7459922830939944/Thesis_Gold_Significantly_Expands_Gold_Mineralization_at_the_JK_Zone

“Thesis Gold Is Way Too Cheap” – Peter Epstein Of Epstein Research https://howardgroupinc.com/thesis-gold-is-way-too-cheap-peter-epstein-of-epstein-research/

Thesis Gold Extends Mineralization at the Emerging Steve Zone on the Ranch Project https://money.tmx.com/quote/TAU/news/7381537691131758/Thesis_Gold_Extends_Mineralization_at_the_Emerging_Steve_Zone_on_the_Ranch_Project

Thesis Gold Extends The Bingo Zone; Drills 24.72 Metres Of 5.37 Grams Per Tonne Gold From 4.1 Metres Downhole https://thesisgold.com/2023/11/20/thesis-gold-extends-the-bingo-zone-drills-24-72-metres-of-5-37-grams-per-tonne-gold-from-4-1-metres-downhole/

Thesis Gold Announces Director Changes https://thesisgold.com/2023/10/26/thesis-gold-announces-director-changes/

Thesis Gold Drills 4.05 m of 119.49 g/t Gold at the Bonanza Zone https://money.tmx.com/quote/TAU/news/7482600749629912/Thesis_Gold_Drills_405_m_of_11949_gt_Gold_at_the_Bonanza_Zone

Thesis Gold Drills 46.00 Metres of 3.94 Grams Per Tonne Gold Equivalent, Expanding the Dukes Ridge Deposit https://money.tmx.com/quote/TAU/news/8613812255335926/Thesis_Gold_Drills_4600_Metres_of_394_Grams_Per_Tonne_Gold_Equivalent_Expanding_the_Dukes_Ridge_Deposit

Thesis Gold Completes Final Tranche of $11.16 Million Financing https://money.tmx.com/quote/TAU/news/8082754524282281/Thesis_Gold_Completes_Final_Tranche_of_1116_Million_Financing

Thesis Gold Completes First Tranche Of $11.24 Million Financing https://howardgroupinc.com/thesis-gold-completes-first-tranche-of-11-24-million-financing/

Thesis Gold Drills 6.27m Of 14.87 G/T Gold At The BV Zone On Its Ranch Project https://howardgroupinc.com/thesis-gold-drills-6-27m-of-14-87-g-t-gold-at-the-bv-zone-on-its-ranch-project/

Thesis Gold Announces 2023/24 Work Plan For Toodoggone District Optimization And Expansion https://howardgroupinc.com/thesis-gold-announces-2023-24-work-plan-for-toodoggone-district-optimization-and-expansion/

Thesis Gold Announces $13 Million Private Placement Financing https://howardgroupinc.com/thesis-gold-announces-13-million-private-placement-financing/

Cormark Analyst Sets Initial $2.00 Target Price For Thesis Gold Stock And Sees Significant Potential Upside https://howardgroupinc.com/cormark-analyst-sets-initial-2-00-target-price-for-thesis-gold-stock-and-sees-significant-potential-upside/

Thesis Gold Extends Dukes Ridge Mineralization To Depth; Intersects 16.52 M Of 9.68 G/T AuEq https://howardgroupinc.com/thesis-gold-extends-dukes-ridge-mineralization-to-depth-intersects-16-52-m-of-9-68-g-t-aueq/

Thesis Gold – TAU On The TSX Venture Exchange Is Back Trading! https://howardgroupinc.com/thesis-gold-tau-on-the-tsx-venture-exchange-is-back-trading/

Thesis Completes Merger With Benchmark https://howardgroupinc.com/thesis-completes-merger-with-benchmark/

Thesis And Benchmark Merger Approved By Court https://howardgroupinc.com/thesis-and-benchmark-merger-approved-by-court/

Thesis Gold Inc. Announces Trading Halt And Name Change https://howardgroupinc.com/thesis-gold-inc-announces-trading-halt-and-name-change/

Thesis Receives Over 99% Securityholder Approval For Arrangement With Benchmark https://howardgroupinc.com/thesis-receives-over-99-securityholder-approval-for-arrangement-with-benchmark/

Thesis Gold Announces Receipt Of Interim Order, Meeting Date And Mailing Of Materials https://howardgroupinc.com/thesis-gold-announces-receipt-of-interim-order-meeting-date-and-mailing-of-materials/

Thesis Gold Mobilizes Exploration Crews To Site At The Ranch Gold Project https://howardgroupinc.com/thesis-gold-mobilizes-exploration-crews-to-site-at-the-ranch-gold-project/

Epstein Research: “I Strongly Believe A Combined Thesis + Benchmark Will Itself Be Acquired As Soon As Next Year.” https://howardgroupinc.com/epstein-research-i-strongly-believe-a-combined-thesis-benchmark-will-itself-be-acquired-as-soon-as-next-year/

Thesis Gold Plans 30,000 M Drill Program At Ranch https://howardgroupinc.com/thesis-gold-plans-30000-m-drill-program-at-ranch/

Ewan Webster, CEO Of Thesis Gold Talks About The Merger With Benchmark Metals https://howardgroupinc.com/ewan-webster-ceo-of-thesis-gold-talks-about-the-merger-with-benchmark-metals/

Benchmark Metals And Thesis Gold Announce Merger To Create Premier Precious Metals Project https://howardgroupinc.com/benchmark-thesis/

High Profile Newsletter Writer Digs Into The Details On Key News From Thesis Gold https://howardgroupinc.com/high-profile-newsletter-writer-digs-into-the-details-on-key-news-from-thesis-gold/ $TAU.V | $THSGF #thesisgold #gold #goldexploration #assayresults #tsxv #otcqx

Thesis Gold Drills 8.79 Metres Of 11.97 G/T Gold And Links The Thesis Structural Corridor To Over 1.5 Kilometres Strike Length https://howardgroupinc.com/thesis-gold-drills-8-79-metres-of-11-97-g-t-gold-and-links-the-thesis-structural-corridor-to-over-1-5-kilometres-strike-length/ $TAU.V | $THSGF #thesisgold #gold #goldexploration #assayresults #tsxv #otcqx

Thesis Gold Drills 7.00 Metres Of 11.69 G/T Au At The Bonanza-Ridge Zone https://howardgroupinc.com/thesis-gold-drills-7-00-metres-of-11-69-g-t-au-at-the-bonanza-ridge-zone/

Bob Moriarty Piece Sparks Thesis Gold Stock Rally https://howardgroupinc.com/bob-moriarty-piece-sparks-thesis-gold-stock-rally/

Thesis Gold Drills 50.30 Metres of 1.86 g/t Au from Surface at the Bingo Zone https://howardgroupinc.com/thesis-gold-drills-50-30-metres-of-1-86-g-t-au-from-surface-at-the-bingo-zone/

$TAU.V | $THSGF Thesis Gold CEO Presents To A Full House At The Metals Investor Forum https://howardgroupinc.com/thesis-gold-ceo-presents-to-a-full-house-at-the-metals-investor-forum/

$TAU.V | $THSGF Thesis Gold Drills 95.70 Metres of 1.60 g/t Au at Thesis 3 Zone https://howardgroupinc.com/thesis-gold-drills-95-70-metres-of-1-60-g-t-au-at-thesis-3-zone/

$TAU.V | $THSGF Thesis Gold Drills 20.30 Metres of 4.69 g/t Au, Continuing Bonanza-Ridge Zone Expansion https://howardgroupinc.com/thesis-gold-drills-20-30-metres-of-4-69-g-t-au-continuing-bonanza-ridge-zone-expansion/

$TAU.V | $THSGF Thesis Gold Hits New Discovery at the Steve Zone; Drills 119.20 m of 1.00 g/t AuEq https://howardgroupinc.com/thesis-gold-hits-new-discovery-at-the-steve-zone-drills-119-20-m-of-1-00-g-t-aueq/

$TAU.V | $THSGF Thesis Gold Defines New Coincident Kilometre Scale Structural and Soil Anomalies https://howardgroupinc.com/thesis-gold-defines-new-coincident-kilometre-scale-structural-and-soil-anomalies/

$TAU.V | $THSGF Thesis Gold Drills 32.00 m of 3.14 g/t AuEq at Ridge https://howardgroupinc.com/thesis-gold-drills-32-00-m-of-3-14-g-t-aueq-at-ridge/

$TAU.V | $THSGF Thesis Gold Drills 91.00 m of 1.92 g/t AuEq,Including 35.00 m of 3.06 g/t AuEq at Bonanza https://howardgroupinc.com/thesis-gold-drills-91-00-m-of-1-92-g-t-aueqincluding-35-00-m-of-3-06-g-t-aueq-at-bonanza/

$TAU.V | $THSGF Thesis Gold Receives >$7.5 Million from Warrant Exercise https://howardgroupinc.com/thesis-gold-receives-7-5-million-from-warrant-exercise/

$TAU.V | $THSGF New Company Presentation: https://howardgroupinc.com/wp-content/uploads/2022/10/Thesis-Presentation-October.pdf

$TAU.V | $THSGF Thesis Provides Initial Metallurgical Results from Ranch Project With Up to 98% Gold Recovery and Additional Copper and Silver By-Product Credits https://howardgroupinc.com/thesis-provides-initial-metallurgical-results-from-ranch-project-with-up-to-98-gold-recovery-and-additional-copper-and-silver-by-product-credits/

$TAU.V | $THSGF Thesis Gold Extends Mineralization at Bonanza-Ridge Zones; Drills 17.5 m of 4.59 g/t AuEq https://howardgroupinc.com/thesis-gold-extends-mineralization-at-bonanza-ridge-zones-drills-17-5-m-of-4-59-g-t-aueq/

$TAU.V | $THSGF Thesis Gold Receives Amended 5-Year Exploration Permit https://howardgroupinc.com/thesis-gold-receives-amended-5-year-exploration-permit/

Thesis Gold Inc (TAU)

Ranch gold-silver project.

The Ranch Project Is Located In The Prolific 'Golden Horseshoe’

The Ranch Property covers 178 km 2  of highly prospective rocks in the northeastern region of the prolific metal-endowed Stikine Terrane, British Columbia, Canada. Magmatic events in Stikine during the Late Triassic and Early Jurassic were the driving source for the development of mineralizing porphyry and epithermal systems. On both the east and west sides of the Bowser Basin the same magmatic and mineralizing events are recognized (Logan and Mihalynuk, 2014), forming an arch of gold and polymetallic mineralization; which is depicted herein as the 'Golden Horseshoe' which includes the Golden Triangle (Figure 1).

The Ranch Project straddles a key stratigraphic horizon between rocks of the Upper Triassic Stuhini Group and Lower Jurassic Toodoggone Formation. The boundary between these units delineates a major geological unconformity with a regional significance demonstrated by the many deposits concentrated along its extent within the Golden Horseshoe. The project is also located within the historic Toodoggone region, a proven and profitable mining jurisdiction that is host to multiple copper-gold porphyry and high grade gold-silver deposits that includes the Kemess gold-copper mine only 60 km to the southeast (Figure 2). The Golden Horseshoe concept provides a visual context for the mines, discoveries and common geology that extends from the Golden Triangle to Toodoggone regions, forming a prolific metalliferous arch that encompasses the Quesnel and Stikine terranes.

Project History

Exploration on the Ranch property and surrounding area began in the early 1970s, followed by extensive exploration throughout the 1980s that identified numerous showings, prospects, and deposits. This activity culminated in 1991 with surface mining of the prospective Bonanza, Thesis III, and BV Zones that produced 10,000 oz gold over a 1-year period. None of these prospective zones were ever developed beyond shallow surface pits that were later backfilled. The surrounding areas were never systematically explored for gold-silver mineralization, with a significant amount of historic drilling being largely restricted to testing identified surface exposures of mineralization. With previous exploration the Ranch property contains a number of key assets for rapid development, including 34,117 metres of diamond drilling and road accessibility from the southeast.

1980 vs 2020

At the heart of the Ranch Trend are 21 zones of structurally controlled gold mineralization over a 25 km 2  area. Surface expression of the mineralization is coincident with pervasive argillic and silica alteration, large gold and silver-in-soil anomalies, and anomalous rock and trench results.

On the Ranch property significant gold and silver mineralization occurs with silicification flanked by widespread argillically altered zones, associated with a high-sulphidation epithermal system (Figure 3). Historic production is minimal, consisting of three small pits where surface mining in 1986 and 1991 processed a total of 41,209 tonnes of high-grade surface ore from the Bonanza, Thesis III, and BV Zones. The regional along-strike extent of all 21 zones of gold mineralization largely remains open and untested, as historic drilling concentrated on targeting only known high-grade zones of this large epithermal system.

By combining historic data with recently acquired geological data and modern reinterpretation there is significant potential to add gold and silver ounces across the entire mineralizing system. Re-analysis of historic drill results is providing context to previously unrecognized bulk-tonnage potential with near-surface intercepts enveloping higher-grade intervals of gold and silver mineralization. These results occur within the footprint of the historically surface mined areas, but also include significant gold-silver intercepts along strike and at depth.

Historic High-Grade Intercepts

Select historic high-grade intercepts from concentrated drilling at the Bonanza, Thesis III, Thesis II, and BV Zones includes:

** Based on limited information parts of the surface exposures of the above results have potentially been surface mined. However, both high-grade and bulk-tonnage drill intercepts and surface mineralization extend beyond the known surface pits and the system remains open along strike and at depth.

Stratigraphy

The Ranch property is predominantly underlain by flat-lying to gently west-dipping volcanic and sedimentary strata of the Lower Jurassic Toodoggone Formation (Figure 3), part of the Hazelton Group that is exposed throughout the prolific metal-endowed Stikine Terrane. The Toodoggone Formation can be divided into upper and lower volcanic cycles as illustrated on the simplified stratigraphic column in Figure 4. The Ranch property is predominantly underlain by thick sequences (>300 m) of andesitic tuffs and flows belonging to the lower volcanic rock cycle. These volcanic strata erupted concurrently with the development of deeply rooted faults that focused both magmatism and mineralization (Figure 3). Magmatism occurs as local dike intrusions that share a similar composition to the host volcanic units and represent potential feeder systems. Felsic dikes and irregular bodies of dacitic to rhyolitic composition have also been encountered in drill holes and are thought to be genetically linked to late-stage ore-forming fluids. Similar relationships are often observed in the southern Toodoggone spatially associated with porphyry style mineralization, including at Kemess.

Localized conglomerates and volcaniclastics within the lower cycle are confined within blocks dropped by steeply dipping syn-volcanic faults and can potentially be used as a vector towards epithermal mineralization.

The Ranch property has undergone a relatively simple brittle deformation history of syn-volcanic graben development and subsequent strike-slip deformation. The most dominant structural features on the property are a series of well-developed steeply dipping NW-NNW (320-350°) striking faults. They typically show evidence of normal displacement to the NE and SW with localized, late, strike-slip reactivation. These are the oldest structures on the property and represent syn-volcanic growth faults that formed during Lower Jurassic extension and block faulting.

The orientation and characteristics of the mineralized zones within the Ranch Trend are consistent with the development of robust hydrothermal systems within a pre-existing NW-NNW trending fault and fracture system. This system is likely reflecting the original volcanic basin geometry with these structures acting as conduits for fluids to migrate and precipitate metals. The NW structures and associated mineralization are locally offset by SW-NE trending strike-slip faults with minimal lateral displacement. The structural relationships observed in outcrop and drill core are also observed in the magnetic data, providing numerous new exploration targets.

Alteration and Mineralization

Widespread argillization and silicification of volcanic strata is found throughout the Ranch property, with important alteration assemblages including alunite-quartz, hematite-illite-quartz, dickite-quartz, quartz-barite and quartz-pyrite. These alteration patterns work inwards and downwards in a typical, zoned epithermal alteration system, with all significant gold mineralization occurring within silica-sulphate and silica-sulphide bodies flanked by argillically altered zones. On surface, zones of argillic alteration weather recessively and are typically obscured by alpine vegetation or underlie linear swamps. Where exposed on surface, they comprise strongly limonite and jarosite-stained argillic and lesser vuggy silica altered felsenmeer. The variation and zonation of alteration on the Ranch property suggests that epithermal mineralization was part of a large-scale hydrothermal system.

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THESIS GOLD INC.

TSX.V: TAU | WKN: A3EP87 | OTCQX: THSGF

About Thesis Gold Inc

Thesis Gold, following its strategic merger with Benchmark Metals, is unlocking the combined potential of the Ranch and Lawyers Gold-Silver Projects in the Toodoggone mining district of north-central British Columbia, Canada. The 2022 Preliminary Economic Assessment for the Lawyers project alone projected an open-pit mining operation that would yield 163,000 gold equivalent ounces annually over a 12-year span.

The company is now evaluating the integration of the Ranch project, aiming to enhance these figures and bolster the overall potential. Central to this ambition is the 50,000-metre drill program, designed to define the high-grade underground resource at Lawyers and augment the near-surface high-grade deposits at Ranch. The company’s roadmap includes the release of a global company resource estimate by Q2 2024, followed by an updated Preliminary Economic Assessment in Q3 2024.

Through these strategic initiatives, Thesis Gold aspires to rise to the forefront of global precious metals ventures.

March 12, 2024 – Thesis Gold Step-Out Drilling At Bingo Zone Intersects 20.00 Metres Of 8.46 G/T Gold, 36.96 G/T Silver, And 1.72% Copper

March 1, 2024 – Thesis Gold Inc. Completes Vertical Short-Form Amalgamation With Wholly-Owned Subsidiary

February 26, 2024 – Thesis Gold Appoints William (Bill) Lytle As Non-Executive Chairman

February 1, 2024 – Thesis Gold Drills 60.00 Metres Of 4.53 G/T Gold, Including 19.00 Metres Of 10.39 G/T Gold

January 11, 2024 – Thesis Gold Drills 128.00 M Of 2.49 G/T AuEq, Including 27.00 M Of 8.46 G/T AuEq At The Cliff Creek Deposit

December 20, 2023 – Thesis Gold Significantly Expands Gold Mineralization At The JK Zone

December 7, 2023 – Thesis Gold Extends Mineralization At The Emerging Steve Zone On The Ranch Project

November 20, 2023 – Thesis Gold Extends The Bingo Zone; Drills 24.72 Metres Of 5.37 Grams Per Tonne Gold From 4.1 Metres Downhole

CORPORATE PRESENTATION

Lawyers project highlights, unlocking the gold-silver potential of northern bc’s toodoggone district.

The Lawyers Project & The Ranch Project collectively covers 325 km2 of highly prospective rocks in the northeastern region of the prolific metal-endowed Stikine Terrane, British Columbia, Canada.

Lawyers Project Overview

August 2022 PEA indicates a long mine life, capital light development and exceptional expansion opportunity.

• The Lawyers project is 100% owned by Thesis Gold located immediately south of the Ranch Project – 144 km2
• One of Canada’s largest Gold Silver projects with a resource of 3.14 Moz AuEq (M&I) and 0.42 Moz AuEq (inf)
• PEA: Identified Project opportunities
• Optimization of waste storage, tailings, and power line
• Inclusion of underground mining
• Initial CAPEX C$493M, LOM C$632

RANCH PROJECT HIGHLIGHTS

Ranch Project Overview

• Confirmed near-surface high-grade gold mineralization over broad intervals
• Demonstrated scale with multiple kilometres of drill tested mineralized trends
• Significant upside with new discoveries made at multiple zones and >20 targets remaining to be tested

Gold Mineralization Down to >400 Metres & Remains Open at Depth

Objective I

Objective ii, objective iii.

Surface studies will include the collection over 170 line-km of ground magnetics and 1,200 soil samples .

Seasoned Management

Ewan Webster

President, ceo & director.

+10 years professional expertise in the mining industry, specializing in exploration and business development for various public and private enterprises throughout the Americas. He previously held the position of Chief Geologist at Benchmark Metals.

+25 years in mining sector, mining engineer. Served as CEO and director of multiple mining companies. He was previously VP of Engineering of Benchmark Metals. Notable achievement was advancing Corriente’s Mirador Project through start of construction.

+25 years mining sector, former CFO & COO at Brilliant Resources Ltd., regulatory & financial expertise.

WILLIAM (BILL) LYTLE

Non-executive chairman.

Having a career of over 25 in the mining industry, Bill is currently B2Gold Corp.’s Senior VP & COO, where he manages the full spectrum of mining and engineering operations. Bill has a BSc in Chemical Engineering, MSc in Civil Engineering, and is a registered professional engineer (Colorado, USA).

THOMAS MUMFORD

Geologist with +15 years experience in mineral exploration and mining. He is currently VP, Exploration for Scottie Resources Corp. and a director of the Association for Mineral Exploration (AME).

NICHOLAS STAJDUHAR

Accomplished financial industry professional with 15 years of experience in all aspects of sales and operations.

JODY SHIMKUS

+30 years of private and public sector experience in environmental policy and regulatory affairs managing projects that involve multiple stakeholders.

ENVIRONMENTAL, SOCIAL, AND GOVERNANCE

• Together we established exploration, engagement and communications agreements with our partner Nations
• Both Benchmark & Thesis are providing employment, training and contracting opportunities to our First Nations partners
• The First Nations are actively participating in the project development, through structured communication and participation processes

Together we initiated baseline environmental studies as part of permitting

Wildlife monitoring and mitigation measures

Environmental monitoring and water sampling

• These studies and monitoring will be completed collaboratively by Sasuchan Environmental and Chu Cho Environmental, First Nation consulting companies

THESIS GOLD CORPORATE PRESENTATION

Thesis gold   videos.

Introduction

Meet The Company

Ranch Gold Project

2022 Exploration Program

2021 Drill Program

Geological Expertise

How To Buy Shares in Thesis Gold

You can buy Thesis Gold (Holdings) Inc. through any online broker, bank or brokerage house.

To get started, give your broker these details:

Price: ~$.40 (as of March 1, 2024)* Click here for a live quote.

The number of shares you wish to buy.

Whether you would like to place a LIMIT order or a MARKET order. Many investors choose to use MKT orders to ensure they obtain shares quickly.

If you don’t have a trading account, you can buy stock in Thesis Gold Inc. with the following online brokers. Please click a logo and it will direct you on how to set up a trading account with your bank.

Corporate Presentation

Receive updates on thesis gold sign up below, follow thesis gold on social media, dave burwell.

Vice President The Howard Group Inc Phone: 403-221-0915 Toll Free: 1-888-221-0915 Email: [email protected]

Nick Stajduhar

Director Thesis Gold Email: [email protected]

The Howard Group (HG) is not a registered investment advisor and as such, individuals should consult a registered investment advisor prior to making any investment decisions. The information presented was obtained from sources believed to be reliable but is not guaranteed, is not all conclusive and should not be relied upon as the sole source of information/opinion for making an investment decision. The Howard Group receives remuneration for Capital Market Communication activities and HG or its employees may own securities in client companies.

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The Company has an enterprise value  [EV ] {market cap + debt – cash}  of  $94M , well below that of fellow northern B.C. juniors Skeena Resources, Tudor Gold, Ascot Resources, Eskay Mining & Dolly Varden . Those five have an average EV of $235M . {see chart below} . Skeena & Ascot are well more advanced, each having Bank Feasibility Studies.

Interestingly, Dolly Varden is valued at $171M despite it being pre-PEA stage. Like Thesis, it has reported bonanza high-grade drill results, even stronger than that of Thesis. However, Dolly is silver-focused and has a land package that’s 35% the size of Thesis’ footprint.

I strongly believe that Thesis will be acquired in 2024 or 2025. Newmont, Teck, Freeport & Centerra have assets closest to Thesis’ Ranch & Lawyers projects, but the new Company is a compelling target to many others as well, especially after release of the new PEA in 9-12 months. Agnico Eagle does not have a presence in B.C., but is very in eastern Canada.

Thesis is linking development of the PEA-stage Lawyers project to the adjacent road-connected, high-quality exploration results & considerable drill targets at Ranch.

Management plans to turbocharge its 3.55M oz. Au Eq. resource  at Lawyers with high-grade, near-surface mineralization at Ranch. To that end, the Company is in the midst of a robust 50,000 meter drill program at Ranch (30k) & Lawyers (20k). Drill results will be flowing for several more months.

The combined resource of both projects should be > 5M Au Eq . ounces as soon as mid-2024. Now that Ranch & Lawyers are under one roof, they can be advanced more efficiently & cost effectively as a unified Tier-1 project.

Five million+ ounces would be well more than Ascot currently has, and would approach Skeena’s recently reported 6.5M ounces. Both of those companies are far more advanced, but have an average valuation of $338M vs. Thesis at $94M . An updated & enhanced PEA is expected in 2H 2024.

Please watch the latest corporate video update from the Beaver Creek gold conference, recorded in mid-September. In it, COO Ian Harris makes a remarkable point. All else equal, each 1 g/t Au Eq. increase in grade fed to the mill, [per year], in the early years of the mine plan would add ~C$200M to the NPV. The current grade in the PEA is 1.4 g/t.

By incorporating ~400,000 new high-grade underground ounces (assume 6 g/t Au Eq.) the new average grade could climb by 0.5 g/t. Therefore, if the new mine plan can deliver five early years at 1.9 g/t instead of 1.4 g/t, that would add ~C$500M to the NPV.

Benefitting from economies of scale, logistical & operational improvements, the new PEA should have a longer mine life and/or increased annual production, a meaningfully higher NPV, an enhanced IRR and a better ratio of NPV to upfront cap-ex.

COO Harris also mentioned that the strip ratio of the open pit portion of the new operation will be lower than that found in the current PEA, which was already low.

Based on the existing PEA on Lawyers alone, I think a new PEA could achieve a C$1.0 billion after-tax NPV at US$1,800/oz . Au [ my opinion only ] . That would compare well to Skeena’s NPV of ~ C$1.6B at the same assumed gold price. $1,800/oz. is $135/oz . below the current spot price.

Skeena is trading at ~35% of its NPV vs. just ~9% for my C$1B estimate of Thesis’ new NPV. I believe that Skeena is undervalued and could potentially be acquired at 50%-60% of NPV. This suggests that Thesis could reasonably be valued at 25%-30% of its pro forma NPV after delivery of the new PEA in 2h 2024.

Whatever Thesis might be valued at next year, it should be worth more in 2025 upon delivery of a BFS. By 2025, Thesis could be at roughly the same stage of development as Skeena is now. Turning to Ascot, it expects to be in production within six months. Like Skeena & Thesis, Ascot is a reasonably likely takeover target. A Newmont, Teck or Freeport could easily afford to acquire and fund all three companies.

As mentioned, Ranch’s high-grade drill intervals from 2021-22 including;  19.6 g/t Au over 34 meters, 27.0 g/t / 13.0 m, 17.5 g/t / 33.1 m, & 8.8 g/t / 27.0 m , should allow for the mining of higher-grade zones earlier on. In late August, management announced another strong result — 16.5 m of 9.7 g/t Au Eq .

Readers should note, 19.6 g/t x 34 m = 666 [gram meters] is probably a top-5% high-grade gold interval for N. America, and the average gram-meter value of the above five intervals is just shy of 400.

Thesis’ PEA showed a 12-yr. mine life & a 24.1% after-tax IRR — mining ~1.4 g/t ore at an assumed long-term Au price ~ $200/oz . below today’s spot. Although cap-ex & op-ex will increase due to inflationary pressures, the AISC in the 2022 PEA came in at just $786/oz .

Assuming a  20%  increase to $943/oz ., that would still compare quite favorably to the 2nd qtr. 2023 average of the GDX Top-25 company AISCs (excluding outliers) at ~$1,300/oz . (source: mining.com)

Newmont’s most recent AISC is $1,472/oz .! It would benefit from acquiring a long-lived, Canadian project with an AISC under $1,000/oz . Thesis’ 32,500 ha footprint is less < 50 km from Centerra’s advanced-stage  Kemess  project, making it potentially attractive to that mid-tier player.

An acquirer could drill more aggressively to [potentially] book millions more ounces, enough to mine 300k ounces/yr. for 20+ years. That would rank in the Top-8 among existing Canadian gold mines.

Assuming 5M Au Eq. ounces, Thesis is valued at $19/oz . in the ground. In precious metal bull markets, M&A transactions often can place at 3x to 8x that $19/oz . figure.  Sabina Gold & Silver  was recently acquired by B2Gold for ~$130/oz .

Sabina had a higher grade, more advanced project, but it’s in the more difficult & remote northern jurisdiction of Nunavut. Its project had an after-tax NPV of C$1.2B .

Thesis is valued at $94M , which is ~9% of my estimate for its upcoming after-tax NPV . This figure screens very cheap even compared to other high-quality, oversold gold juniors like Skeena & Ascot.

Those valuation metrics are more applicable to companies with projects in very remote or unsafe areas. Or, companies with high technical risk and/or elevated op-ex / cap-ex, or companies with mediocre  (or worse)  mgmt. teams.

{See latest  corporate presentation }

Disclosures : The content of this article is for information only. Readers understand & agree that nothing contained herein, written by  Peter Epstein  of  Epstein Research  [ ER ], (together, [ ER ]) about Thesis Gold, incl. but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc. is to be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy or sell any security. [ER] is not responsible under any circumstances for investment actions taken by the reader. [ER] has never been, and is not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, trader, money manager, compliance or legal officer, and does not perform market-making activities. [ER] is not directly employed by any company, group, organization, party, or person. The shares of Thesis Gold are highly speculative, not suitable for all investors. Readers understand and agree that investments in small-cap stocks can result in a 100% loss of invested funds. It is assumed and agreed upon by readers that they will consult with their own licensed or registered financial advisors before making investment decisions.

At the time this article was originally posted, Peter Epstein owned shares of Thesis Gold and the Company was an advertiser on [ER] .

Readers should consider me biased in my view of the Company. Readers understand and agree that they must conduct their own due diligence above and beyond reading this article. While the author believes he’s diligent in screening out companies that, for any reason, are unattractive investment opportunities, he cannot guarantee that his efforts will (or have been) successful. [ER] is not responsible for any perceived, or actual, errors including, but not limited to, commentary, opinions, views, assumptions, reported facts & financial calculations, or for the completeness of this article or future content. [ER] is not expected or required to subsequently follow or cover events & news, or write about any particular company or topic. [ER] is not an expert in any company, industry sector, or investment topic.

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BENCHMARK METALS AND THESIS GOLD ANNOUNCE MERGERTO CREATE PREMIER PRECIOUS METALS PROJECT

Vancouver, British Columbia, June 5, 2023 – Benchmark Metals Inc. (TSX-V: BNCH | OTCQX: BNCHF | WKN: A2JM2X) (“ Benchmark ”) and Thesis Gold Inc. (TSXV: TAU | WKN: A2QQ0Y | OTCQX: THSGF) (“ Thesis ”) are pleased to announce that they have entered into a definitive arrangement agreement (the “ Arrangement Agreement ”), pursuant to which Benchmark will acquire all of the issued and outstanding common shares of Thesis(each, a “ Thesis Share ”) by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia) (the “ Arrangement ” or the “ Transaction ”).

Under the terms of the Transaction, Thesis shareholders will receive 2.5584 of a common share of Benchmark (each whole share, a “ Benchmark Share ”) for each Thesis Share held (the “ Exchange Ratio ”). The Exchange Ratio implies consideration of C$0.96 per Thesis Share based on the closing market price of the Benchmark Shares on the TSX Venture Exchange (the “ TSXV ”) on June 2, 2023, implying a premium of approximately 26.2% to the closing price of the Thesis Shares on the TSXV on the same date. Based on the 20-day volume weighted average price of the Thesis Shares ending on June 2, 2023, the Exchange Ratio implies a premium of 27.8% to Thesis Shareholders. Existing shareholders of Benchmark and Thesis will own approximately 60% and 40%, respectively, of the outstanding shares of the combined company (the “ Combined Company ”) on the completion of the Transaction.

Strategic Rationale for the Transaction

Increased Scale: This transaction creates one of the largest precious metals development and exploration companies in the prolific Toodoggone Mining District of British Columbia. It consolidates two significant exploration projects, as the ongoing development of Benchmark’s Lawyers project is adjacent to high quality exploration targets on Thesis’ Ranch Project. It has the potential to enhance Benchmark’s current3.14 million ounces (Moz) of gold equivalent (AuEq) 1 measured and indicated (M&I) mineral resources and 0.415 Moz AuEq 1 inferred mineral resources at Lawyers with high-grade, near-surface mineralization at Ranch. 2

Growth and Catalysts: Focused on resource growth, exploration, and discovery through 50,000m of drilling in 2023 with the goal of defining a new combined Lawyers & Ranch resource estimate (Q1/Q2 2024). Following that, an updated PEA is expected to include high-grade underground ounces at Lawyers and Ranch’s maiden resource estimate (Q3 2024).

Strong Management Team : Combining two of the leading gold exploration and development teams with a proven track record of success across exploration, construction, capital markets, and M&A. The combined team has a demonstrated track record of success in various stages of mining operations from the exploration stage through to production.

Financial Synergies : Efficient capital resource management benefiting from anticipated financial synergies.

Access to Capital : The Combined Company will have increased access to capital that will fuel growth and development plans to further enhance shareholder value.

1 AuEq calculated on a 1:80 gold-to-silver ratio. 2 See NI 43-101 technical report titled: Preliminary Economic Assessment lawyers gold-silver project Stikine Terrane, BC. Dated December 22, 2022, with an effective date of September 9, 2022 available under Benchmark Metals SEDAR profile at www.sedar.com , filed on January 12, 2023.

Keith Peck, an independent director of Benchmark and the Chair of the Benchmark Special Committee , stated, “The business combination with Thesis is an exciting transaction that is transformative for both companies and their shareholders. The merger of these companies establishes a leading precious metals development and exploration project in British Columbia with a strong balance sheet, remarkable scale, significant growth potential, synergistic advantages, cost efficiencies, and, ultimately, the potential to deliver an exceptional new world-class mining venture in a geographically desirable location.”

Ewan Webster, President, and CEO of Thesis Gold commented ,“The merger of Benchmark and Thesis will create a district scale development and exploration project with significant growth potential. The combined company will be well capitalized to execute on a catalyst rich exploration and development program over the next 12-15 months, with over 50,000 meters of drilling between both projects, focusing on resource growth, exploration, and discovery; and the culmination of this work will deliver an updated resource estimate encompassing ounces for both projects, including high-grade near surface material at the Ranch Project; and an updated Preliminary Economic Assessment (PEA) will add high-grade underground ounces from Lawyers and the newly delineated Ranch resource. For the new PEA, the Combined Company anticipates increased per year production, high-grade starter pits, rapid capital payback, materially improved Net Present Value (NPV) and Internal Rate of Return (IRR) and extended mine life. These milestones and timelines have been developed to unlock substantial value and solidify the potential of these two deposits into one world-class project.”

Benefits to Benchmark and Thesis Shareholders

Enhanced Scale: The combined project will consist of two top gold-silver projects in Canada not currently controlled by a major, creating a foundation for building a Toodoggone focused, precious metals developer.

Value Creation: Combination of Lawyers and Ranch, with a sequenced and optimized exploration and development strategy, is expected to result in greater value creation for shareholders of Thesis and Benchmark that would not be possible on a standalone basis.

Strong Balance Sheet: The Combined Company will have a significantly strengthened balance sheet, including anticipated cash and cash equivalents of over approximately $28 million, with strong capital market support, allowing for meaningful advancement and optimization at Lawyers along with furthering exploration at Ranch.

Enhanced Capital Markets Profile: The resulting entity will have increased size and trading liquidity in Canada, enhancing the company’s institutional investor following along with equity research.

Management Team and Board of Directors

The Combined Company’s board of directors (the “ Combined Company Board ”) will consist of seven (7) directors, four (4) of whom will be nominated by Benchmark, consisting of John Williamson (who will be appointed Chair), Keith Peck, Peter Gundy and Jody Shimkus, and three (3) of whom will be nominated by Thesis, consisting of Ewan Webster, Nicholas Stajduhar and Thomas Mumford.

Reporting to the Combined Company Board, the Combined Company will be managed by Ewan Webster, as Chief Executive Officer and President; Sean Mager, as Chief Financial Officer; and Ian Harris, as Chief Operating Officer.

Recommendations

Recommendation of Thesis Special Committee and Thesis Board

The Thesis board of directors (the “ Thesis Board ”) appointed a special committee (the “ Thesis Special Committee ”) to consider and make a recommendation to the Thesis Board with respect to the Arrangement. After consultation with its financial and legal advisors, and on the unanimous recommendation of the Thesis Special Committee, the Thesis Board unanimously determined that the Arrangement is in the best interests of Thesis and its shareholders and approved the Arrangement Agreement. Accordingly, the Thesis Board recommends that Thesis shareholders, as well as holders of Thesis options and Thesis RSUs (collectively, the “ Thesis Securityholders ”) vote in favour of the resolution (the “ Arrangement Resolution ”) to approve the Arrangement.

Canaccord Genuity Corp. provided a fairness opinion to the Thesis Special Committee and Thesis Board stating that, as of the date of such opinion, and based upon and subject to the assumptions, limitations and qualifications stated in such opinion, the consideration to be paid under the Arrangement is fair, from a financial point of view, to the Thesis shareholders. The full text of the fairness opinion, which describes, among other things, the assumptions made, procedures followed, factors considered and limitations and qualifications on the review undertaken, and the terms and conditions of the Arrangement, will be included in the management information circular of Thesis (the “ Thesis Circular ”), to be delivered to Thesis Securityholders in respect of a special meeting of the Thesis Securityholders to consider the Arrangement (the “ Thesis Meeting ”), which is expected to take place no later than August 2023.

Recommendation of Benchmark Special Committee and Benchmark Board

The Benchmark board of directors (the “ Benchmark Board ”) appointed a special committee (the “ Benchmark Special Committee ”) to consider and make a recommendation to the Benchmark Board with respect to the Arrangement. After consultation with its financial and legal advisors, and on the unanimous recommendation of the Benchmark Special Committee, the Benchmark Board unanimously determined that the Arrangement is in the best interests of Benchmark and its shareholders and approved the Arrangement Agreement.

Raymond James Ltd. provided a fairness opinion to the Benchmark Special Committee stating that, as of the date of such opinion, and based upon and subject to the considerations, assumptions, limitations and qualifications set out therein, the consideration to be provided under the Arrangement is fair, from a financial point of view, to Benchmark.

Transaction Summary

The Arrangement will be effected by way of a court-approved plan of arrangement pursuant to the Business Corporations Act (British Columbia), requiring: (i) the approval of the Supreme Court of British Columbia, and (ii) the approval of (A) 66⅔% of the votes cast on the Arrangement Resolution by Thesis shareholders, voting as a single class; (B) 66⅔% of the votes cast on the Arrangement Resolution by the Thesis Securityholders, voting together as a single class; and(C) if required by the TSXV, a simple majority of the votes cast on the Arrangement Resolution by Thesis shareholders, excluding Thesis Shares held or controlled by persons described in items (a) through (d) of Section 8.1(2) of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions , at the Thesis Meeting.

Each of the directors and executive officers of Thesis, along with certain key Thesis shareholders, representing an aggregate of approximately 19.4 % of the issued and outstanding Thesis Shares, have entered into voting support agreements with Benchmark, pursuant to which they have agreed, among other things, to vote their securities of Thesis in favour of the Arrangement at the Thesis Meeting.

The Arrangement Agreement includes customary representations and warranties for a transaction of this nature as well as customary interim period covenants regarding the operation of Benchmark and Thesis’ respective businesses. The Arrangement Agreement also provides for customary deal-protection measures. In addition to shareholder and court approvals, closing of the Transaction is subject to applicable regulatory approvals, including, but not limited to, TSXV approval and the satisfaction of certain other closing conditions customary for transactions of this nature. Subject to the satisfaction of these conditions, Benchmark and Thesis expect that the Transaction will be completed in the third quarter of 2023. Details regarding these and other terms of the Transaction are set out in the Arrangement Agreement, which will be available under the SEDAR profiles of Benchmark and Thesis at www.sedar.com .

Following the completion of the Arrangement, the Combined Company will implement a 2.6:1 share consolidation of its common shares (the “ Combined Company Shares ”), change its name to “Thesis Gold Inc.” and, subject to acceptance by the TSXV, adopt the trading symbol “TAU” in respect of the Combined Company Shares, which will continue to be listed and posted for trading on the TSXV (along with the Frankfurt Stock Exchange and the OTCQX) and the Thesis Shares will be de-listed from the TSXV.

Cassels Brock & Blackwell LLP is acting as legal advisor to the Benchmark Special Committee and Harper Grey LLP is acting as legal advisor to Benchmark. Raymond James Ltd. is acting as financial advisor to the Benchmark Special Committee.

Boughton Law Corporation and Aird & Berlis LLP are acting as Canadian legal advisors to Thesis. Clarus Securities Inc. is acting as financial advisor to Thesis. Canaccord Genuity Corp. provided the fairness opinion to the Thesis Special Committee.

Technical Disclosure and Qualified Person

The scientific and technical information contained in this news release was reviewed and approved on behalf of Benchmark and Thesis by Michael Dufresne, M.Sc, P.Geol. (#48439), P.Geo. (#37074), a “Qualified Person” (as defined in NI 43-101).

About Benchmark Metals

Benchmark Metals Inc. is a Canadian based gold and silver company advancing its 100% owned Lawyer’s Gold-Silver Project located in the prolific Golden Horseshoe of northern British Columbia, Canada. The Project consists of three mineralized deposits that remain open for expansion, in addition to +20 new target areas along the 20-kilometer trend. Benchmark trades on the TSX Venture Exchange in Canada, the OTCQX Best Market in the United States, and the Tradegate Exchange in Europe. Benchmark is managed by proven resource sector professionals, who have a track record of advancing exploration projects from grassroots scenarios through to production.

Further details are available on Benchmark’s website at: https://benchmarkmetals.com/ .

About Thesis Gold

Thesis Gold is a Vancouver-based mineral exploration company focused on proving and developing the resource potential of the 180km 2 Ranch Gold Project located in the prolific Toodoggone Mining Camp of northern British Columbia, approximately 300 km north of Smithers, British Columbia.

Further details are available on Thesis’ website at: https://www.thesisgold.com/ .

For further information or investor relations inquiries, please contact:

Benchmark Metals

Jim Greig President and Director Email: [email protected] Telephone: 1-780-437-6624

Thesis Gold

Dave Burwell Vice President Corporate Development Email: [email protected] Telephone: 403-410-7907 Toll Free: 1-888-221-0915

Nick Stajduhar Director Email: [email protected] Telephone: 780-701-3216

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. No securities regulatory authority has either approved or disapproved of the contents of this news release.

None of the securities to be issued pursuant to the Arrangement have been or will be registered under the United States Securities Act of 1933, as amended (the “ U.S. Securities Act ”), or any state securities laws, and any securities issuable in the Arrangement are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities.

Cautionary Statement Regarding Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. These forward-looking statements or information may relate to the Arrangement, including statements with respect to the expected benefits of the Arrangement to the Combined Company, the Thesis Securityholders and Benchmark shareholders, the anticipated dates of the mailing of the Thesis Circular and the date of the Thesis Meeting, timing for closing of the Arrangement and receiving the required regulatory, Thesis Securityholder and court approvals, stock exchange (including the TSXV) and other approvals, if at all, the ability of Thesis and Benchmark to successfully close the Arrangement on the timing and terms described herein, or at all, the filing of materials on SEDAR, the successful integration of Thesis into the business of Benchmark, the prospects of the Lawyers Gold-Silver Project and Ranch Gold Project, including mineral resources estimates and mineralization of each project, and any expectations with respect to defining mineral resources or mineral reserves on any of Benchmark’s or Thesis’ projects, the timing of, and successful completion, of the items set out under the heading “Growth and Catalysts”, all statements relating to anticipated benefits to be contained in the new PEA, the anticipated makeup of the Combined Company Board and management, and any expectation with respect to any permitting, development or other work that may be required to bring any of the projects into development or production.

Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Such assumptions include, but are not limited to, assumptions regarding the Combined Company following completion of the Arrangement, that the anticipated benefits of the Arrangement will be realized, completion of the Arrangement, including receipt of required shareholder, regulatory, court and stock exchange approvals, the ability of Thesis and Benchmark to satisfy, in a timely manner, the other conditions to the closing of the Arrangement, other expectations and assumptions concerning the Arrangement, and that general business and economic conditions will not change in a material adverse manner. Although each of Benchmark and Thesis Gold have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in each of Benchmark’s and Thesis’ most recent annual management’s discussion and analyses which have been filed with the Canadian securities regulators and are available, respectively, on each Company’s profile on SEDAR at www.sedar.com. Benchmark and Thesis Gold do not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Such statements represent the current views of Benchmark and Thesis Gold with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by Benchmark and Thesis Gold, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties include, but are not limited to the following: inability of Benchmark and Thesis Gold to complete the Arrangement, a material adverse change in the timing of any completion and the terms and conditions upon which the Arrangement is completed; inability to satisfy or waive all conditions to closing the Arrangement as set out in the Arrangement Agreement; Thesis Securityholders not approving the Arrangement; the TSXV not providing approval to the Arrangement and all required matters related thereto; the inability of the consolidated entity to realize the benefits anticipated from the Arrangement and the timing to realize such benefits, including the exploration and drilling targets described herein and the completion of a resource estimate and updated PEA; the updated PEA described herein not having the anticipated positive results; unanticipated changes in market price for Thesis Shares and/or Benchmark Shares; changes to Benchmark’s and/or Thesis’ current and future business plans and the strategic alternatives available thereto; growth prospects and outlook of Benchmark’s business, including commencing commercial production at the Lawyer’s Project; treatment of the Arrangement under applicable competition laws and the Investment Canada Act; regulatory determinations and delays; any impacts of COVID-19 on the business of the consolidated entity and the ability to advance the Combined Company projects; stock market conditions generally; demand, supply and pricing for gold and silver; and general economic and political conditions in Canada and other jurisdictions where the applicable party conducts business.

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Thesis Gold Completes First Tranche of $11.24 Million Financing

Vancouver, British Columbia --( Newsfile Corp. - October 5, 2023 ) - Thesis Gold Inc. (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF) (" Thesis " or the " Company ") is pleased to announce today that it has completed a first closing of the brokered private placement announced on September 7, 2023 (the " Offering ") for gross proceeds of $4,821,710 , representing 4,267,000 premium flow-through common shares (the " Premium FT Shares "). It is expected that the second and final tranche consisting of up to 6,899,600 flow-through common shares for additional gross proceeds of up to $6,416,628 (the "FT Shares ") will close on or about October 10, 2023 .

Ewan Webster , President, and CEO commented, "With this financing now complete, these funds will allow us to unlock significant value across our projects, achieving key milestones over the next 12 months, including the completion of our 50,000-meter drilling program, an updated global resource estimate covering both the Ranch and Lawyers Projects, followed by a new Preliminary Economic Assessment (PEA)."

The gross proceeds from the sale of Premium FT Shares and FT Shares (collectively the " Flow-Through Shares ") will be used by the Company to incur eligible "Canadian exploration expenses" that will qualify as "flow-through mining expenditures" as such terms are defined in the Income Tax Act ( Canada ) (the " Qualifying Expenditures ") related to the Company's projects in Canada . All Qualifying Expenditures will be renounced in favour of the subscribers of the Flow-Through Shares effective December 31, 2023 .

The Offering was made pursuant to an agency agreement (the " Agency Agreement ") among the Company and a syndicate of agents led by Clarus Securities Inc. and including PI Financial Corp. and Cormark Securities Inc. (the " Agents ").

Pursuant to the Agency Agreement, the Company (i) paid the Agents a cash commission representing 6% of the gross proceeds raised under the Offering; and (ii) issued to the Agents 256,020 broker warrants each entitling the holder to acquire one non-flow-through common shares of the Company at a price of $1.13 per share at any time for a period of 24 months from the closing date of the Offering.

All securities issued pursuant to this Offering are subject to a restricted hold period of four months and a day, under applicable Canadian securities legislation. The Offering remains subject to the final approval of the TSX Venture Exchange (the " TSXV ").

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States . The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

On behalf of the Board of Directors Thesis Gold Inc.

" Ewan Webster "

Ewan Webster Ph.D., P.Geo . President, CEO, and Director

About Thesis Gold Inc.

Thesis Gold , following its strategic merger with Benchmark Metals , is unlocking the combined potential of the Ranch and Lawyers Gold-Silver Projects in the Toodoggone mining district of north-central British Columbia, Canada . The 2022 Preliminary Economic Assessment for the Lawyers Project alone projected an open-pit mining operation that would yield 163,000 gold equivalent ounces annually over a 12-year span. The Company is now evaluating the integration of the Ranch project, aiming to enhance these figures and bolster the overall potential. Central to this ambition is the 50,000-metre drill program, designed to define the high-grade underground resource at Lawyers and augment the near-surface high-grade deposits at Ranch. The Company's roadmap includes the release of a global Company resource estimate by Q2 2024, followed by an updated Preliminary Economic Assessment in Q3 2024. Through these strategic initiatives, Thesis Gold aspires to rise to the forefront of global precious metals ventures.

For further information or investor relations inquiries, please contact:

Dave Burwell Vice President Corporate Development Email: [email protected] Tel: 403-410-7907 Toll Free: 1-888-221-0915

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange ) accepts responsibility for the adequacy or accuracy of this press release.

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the Offering, including the volume and timing of the closing of the second tranche, intended use of proceeds from the Offering, and the future plans or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results, performance, or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis, which is available on the Company's profile on SEDAR+ at www.sedarplus.ca . The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/182983

SOURCE Thesis Gold Inc.

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Questions / Help regarding the WotLK free transfers

Greetings CS!

Free transfers have opened up for smaller realms to move to larger realms in WotLK, and I have a couple questions or issues I’m worried about.

• Is there a gold limit with free transfers? (Paid transfers do have one)
• Are characters required to be a certain level to transfer?
• Is there any way to transfer guilds or guild banks? I have nearly 2 full gbanks of stuff. (Guild tabs are also expensive)
• Does my mailbox need to be empty? I have lots of items stored in there because I don’t have the inventory for them.

I might have more questions later, but these are the main ones. Thank you for any insight you can provide.

Those are some good questions. Here’s what I know:

• Free transfers do not typically have gold limits
• There is no level requirement for free transfers
• This one I’m not sure of.
• Generally speaking, your mail would need to be empty to transfer. I believe that the mail will be lost if you don’t empty it to bring it with you.

Edit: I meant to add a link to the support article I found too

I actually just made a lvl 1 and popped 1000g on it (limit is 500g for lvl 10 toons, the minimum level) and it let me transfer it, only if mail was empty. So I can move my guild banks by just making, so, so, so many level 1s.

I’m going to attempt to transfer one of the bank alts that has a guild bank and hope it doesn’t delete the guild or something.

Edit: Won’t let me. Can’t be the guild leader. Time to figure out how many characters I need to make…

Right, because there are no gold limits on free transfers. Perl posted the link to the article, but here is the important part.

Free Character Migrations are subject to the same restrictions and consequences as Paid Character Transfers. You can find a comprehensive list in our Character Transfer Information and Restrictions support article. Please note the below exceptions: You can transfer a character of any level, there is no minimum level requirement on free transfers You can transfer a character that was recently transferred, the free transfer ignores transfer cooldowns You can use the paid transfer service anytime after a free transfer, as the free transfer does not apply a transfer cooldown There is no limit to the gold you can bring with your character When transferring a dead Hardcore character, the mailbox content will be deleted, including mails from the Auction House

Ah, didn’t catch that part. Thanks! I was looking at this article: https://us.battle.net/support/en/article/34787

Public forums scheduled for new University of Nebraska system president

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Public forums for Priority Candidate Jeffrey P. Gold, M.D. announced

April 10, 2024

University of Nebraska System students, faculty, staff, and stakeholders will have the opportunity to meet Jeffrey P. Gold, M.D., the priority candidate for president, ask questions, and hear about his leadership vision during a series of open forums.

Gold, the current executive vice president and provost of the University of Nebraska System and chancellor of the University of Nebraska Medical Center, was named the priority candidate for the University of Nebraska presidency on March 20, following a national search. As state law requires, he is undergoing a 30-day public vetting period. If, after the vetting period, the Board of Regents deems it appropriate, they will bring Gold’s appointment for consideration at a Board of Regents meeting.

University community members and the public are encouraged to submit feedback on Gold’s candidacy anytime during the vetting period by visiting nebraska.edu/president-search/feedback .

The forum schedule for Gold follows. All forums are open to all members of the university community, the public, and news media. Individuals are encouraged to attend the session(s) that best fit(s) their schedule.

Friday, April 12

• 8:30 a.m. – UNK Forum #1 (Ponderosa Room A, Nebraskan Student Union)
• 10:00 a.m. – UNK Forum #2 (Ponderosa Room A, Nebraskan Student Union)

Monday, April 15

• 8:30 a.m. – UNL Forum #1 (Great Plains Room A, East Campus Union), join via Zoom: https://unl.zoom.us/j/94157912455
• 10:00 a.m. – UNL Forum #2 (Swanson Auditorium, City Campus Union), join via Zoom: https://unl.zoom.us/j/94301800574
• 11:30 a.m. – Office of the President Forum (Boardroom, Varner Hall)
• 2:30 p.m. – UNO Forum #1 (Centennial Room, Thompson Alumni Center)

Tuesday, April 16

• 9:00 a.m. – UNO Forum #2 (Centennial Room, Thompson Alumni Center)
• 10:30 a.m. – UNMC Forum #1 (Room 40120, Center for Nursing Science Building)
• 12:00 p.m. – UNMC Forum #2 (Room 3013, Maurer Center for Public Health)

As additional sessions are added, the Presidential Search webpage will be updated  here .

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Public forums for priority candidate Jeffrey P. Gold, MD, announced

• Written by University of Nebraska System
• Published Apr 11, 2024

Jeffrey P. Gold, MD

University of Nebraska System students, faculty, staff and stakeholders will have the opportunity to meet Jeffrey P. Gold, MD, the priority candidate for president, ask questions and hear about his leadership vision during a series of open forums.

Dr. Gold, the current executive vice president and provost of the University of Nebraska System and chancellor of UNMC, was named the priority candidate for the University of Nebraska presidency on March 20, following a national search. As state law requires, he is undergoing a 30-day public vetting period. If, after the vetting period, the NU Board of Regents deems it appropriate, they will bring Dr. Gold’s appointment for consideration at a Board of Regents meeting.

University community members and the public are encouraged to submit feedback on Dr. Gold’s candidacy anytime during the vetting period by visiting this president search feedback form .

The forum schedule for Dr. Gold follows. The forums will be in person, and some will have options to attend virtually. All forums are open to all members of the university community, the public and news media. Individuals are encouraged to attend the sessions that best fit their schedule.

Friday, April 12

• 8:30 a.m. – University of Nebraska at Kearney Forum No. 1 (Ponderosa Room A, Nebraskan Student Union)
• 10 a.m. – UNK Forum No. 2 (Ponderosa Room A, Nebraskan Student Union)

Monday, April 15

• 8:30 a.m. – University of Nebraska-Lincoln Forum No. 1 (Great Plains Room A, East Campus Union), join via Zoom
• 10 a.m. – UNL Forum No. 2 (Swanson Auditorium, City Campus Union), join via Zoom
• 11:30 a.m. – Office of the President Forum (Board room, Varner Hall, Lincoln)
• 2:30 p.m. – University of Nebraska at Omaha Forum No. 1 (Centennial Room, Thompson Alumni Center)

Tuesday, April 16

• 9 a.m. – UNO Forum No. 2 (Centennial Room, Thompson Alumni Center)
• 10:30 a.m. – UNMC Forum No. 1 (Room 40120, Center for Nursing Science Building)
• Noon – UNMC Forum No. 2 (Room 3013, Maurer Center for Public Health)

The UNMC forums also will be accessible via Zoom. Zoom information will be provided in a future UNMC Today article. As additional sessions are added, the president search web page will be updated at nebraska.edu/president-search .

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